The Hain Celestial Group (NASDAQ:HAIN) Given New $5.00 Price Target at Barclays

The Hain Celestial Group (NASDAQ:HAIN) had its price objective reduced by Barclays from $6.00 to $5.00 in a research note released on Tuesday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

HAIN has been the subject of several other research reports. JPMorgan Chase & Co. lowered their price objective on shares of The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Stifel Nicolaus decreased their price target on shares of The Hain Celestial Group from $9.00 to $7.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Piper Sandler decreased their price target on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. DA Davidson reduced their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Finally, Mizuho reduced their price objective on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $6.64.

The Hain Celestial Group Price Performance

Shares of HAIN opened at $4.41 on Tuesday. The Hain Celestial Group has a 1-year low of $3.28 and a 1-year high of $10.07. The stock has a market cap of $397.74 million, a PE ratio of -4.69 and a beta of 0.74. The firm has a 50-day simple moving average of $5.93 and a two-hundred day simple moving average of $7.24. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.01 and a quick ratio of 1.05.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.04). The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. As a group, analysts forecast that The Hain Celestial Group will post 0.43 EPS for the current year.

Hedge Funds Weigh In On The Hain Celestial Group

Institutional investors have recently bought and sold shares of the company. Wealthfront Advisers LLC purchased a new stake in shares of The Hain Celestial Group during the 4th quarter worth $370,371,000. State Street Corp lifted its holdings in The Hain Celestial Group by 0.4% in the 3rd quarter. State Street Corp now owns 3,464,855 shares of the company’s stock valued at $29,902,000 after purchasing an additional 15,494 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of The Hain Celestial Group by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,229,181 shares of the company’s stock valued at $19,241,000 after acquiring an additional 142,097 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in shares of The Hain Celestial Group by 54.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company’s stock valued at $10,568,000 after acquiring an additional 434,070 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in The Hain Celestial Group by 2.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 637,563 shares of the company’s stock worth $5,502,000 after purchasing an additional 13,376 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

About The Hain Celestial Group

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.